a. Collected $1,600 rent for the period December 1 of the current year to April 1 of next year, which was credited to Unearned Rent Revenue on December 1. b. Purchased a machine for $37,000 cash on January 1. The company estimates annual depreciation at $3,500. c. Paid $4,100 for a two-year insurance premium on July 1 of the current year, debited Prepaid Insurance for that amount. View transaction list Journal entry worksheet 1 2 3 Record the adjusting journal entry for the year ended December 31 related to rent. Note: Enter debits before credits Debit Credit Transaction General Journal a